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Southern Company CEO Fanning Appointed To Atlanta Fed Board

By Cassandra Sweet Of DOW JONES NEWSWIRES Southern Co. (SO) Chief Executive Thomas Fanning has been appointed to the board of directors of the Federal Reserve Bank of Atlanta, the company said Monday. Fanning will serve the remainder of a term that began Jan. 1, 2010, and runs through Dec. 31 of this year. Fanning is a Class C director, appointed by the Fed's board of governors in Washington to represent commerce, industry, agriculture, labor or consumers. Southern Co. received federal approval earlier this month to build the first new U.S. nuclear power plant in decades. The company plans to build two new reactors at the Vogtle site in Georgia near the South Carolina border and is waiting for the Department of Energy to close on an $8.3 billion loan guarantee after the company received a license from the Nuclear Regulatory Commission earlier this month. Southern's Georgia utility has estimated the project will cost more than $6 billion, to be split among the project's owners. Southern, which will own 46% of the new reactors, expects to pay $2.2 billion. Oglethorpe Power, MEAG Power, and Dalton Utilities will own the rest of the project. Energy Secretary Steven Chu said earlier this month that he expected Southern to obtain the loan guarantee after the company got its construction and operating license from the Nuclear Regulatory Commission. -By Cassandra Sweet, Dow Jones Newswires; 415-439-6468; cassandra.sweet@dowjones.com

Stock News for Southern (SO)
DateTimeHeadline
03/24/201717:32:44Proxy Statement - Notice of Shareholders Meeting (preliminary...
03/16/201709:07:00X-energy Moves their Xe-100 Advanced Reactor into Conceptual...
03/16/201708:41:36Current Report Filing (8-k)
03/14/201709:31:45Statement of Changes in Beneficial Ownership (4)
03/14/201709:30:23Statement of Changes in Beneficial Ownership (4)
03/13/201710:30:00Refueling activities and performance enhancements underway at...
03/09/201713:50:42Amended Statement of Changes in Beneficial Ownership (4/a)
03/09/201713:50:14Amended Statement of Changes in Beneficial Ownership (4/a)
03/02/201716:34:10Current Report Filing (8-k)
03/01/201711:48:16Statement of Changes in Beneficial Ownership (4)
03/01/201711:47:23Statement of Changes in Beneficial Ownership (4)
03/01/201711:45:40Statement of Changes in Beneficial Ownership (4)
02/28/201717:16:00Plant Hatch Unit 2 completes record-setting refueling outage...
02/24/201710:00:00Georgia Power Simple Solar now available
02/24/201709:00:00Paula Marino inducted into Alabama Engineering Hall of Fame
02/23/201703:03:00Southern's 'Clean Coal' Plant May Not Be Cost-Efficient -- WSJ
02/22/201717:26:00Southern Co.'s New 'Clean Coal' Plant May Not Be Cost-Efficient...
02/22/201708:56:21Current Report Filing (8-k)
02/22/201708:37:00Southern Co. Profit Falls
02/22/201706:45:00Southern Company reports fourth-quarter and full-year 2016 earnings

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